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Showing 531 - 540 of 1277 results for "AFS"

Concerns over cancelled ASFL complaints

ELIZA BAVIN  |  THURSDAY, 19 DEC 2019
... that the company had ceased to carry on a financial services business. "In light of this, ASIC has cancelled the company's AFS licence," the regulator said. "Since the suspension of KP International Group Australia AFS licence, the Australian Financial ...

Half of all AFSL applications approved

ELIZABETH MCARTHUR  |  MONDAY, 16 DEC 2019
... of AFSL applications received this year were approved. ASIC received approximately 2491 applications in 2018-2019 - 64% of AFS licences, 27% for credit licences and 9% relating to professional auditor registrations. In the report, ASIC said: "We approved ...

ASIC winds up alleged unregistered scheme

ELIZA BAVIN  |  FRIDAY, 13 DEC 2019
ASIC has taken steps to wind up an unregistered managed investment scheme. The regulator said it has filed an application seeking leave to apply for further orders in the Federal Court in Western Australia to wind up the alleged unregistered managed ...

Dealer group launches transition support service

HARRISON WORLEY  |  FRIDAY, 13 DEC 2019
A privately-owned licensee is launching a support service to assist advice firms in transitioning to an individual AFSL and has appointed a national practice consultant to lead the initiative. Lifespan Financial Planning will launch Lifespan Partnership ...

Pershing Securities breaches client money obligations

ALLY SELBY  |  WEDNESDAY, 11 DEC 2019
... been adjourned until 4 February 2020. Meantime, Pershing has accepted additional licence conditions imposed by ASIC on its AFS licence. These additional conditions will require Pershing to appoint an independent expert to review the company's ability ...

ASIC launches action against AFSL, director

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
ASIC has commenced action in the Federal Court in Western Australia focused on the promotion and management of the Sterling Income Trust. The regulator said the action is against Theta Asset Management, an Australian financial services licensee and ...

Integration of super advice business completes

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 DEC 2019
The integration of StatePlus into $77 billion industry fund First State Super is being tied up. The ASIC Financial Adviser Register showed hundreds of StatePlus financial advisers as 'ceased' earlier this week. This was an administrative action as StatePlus ...

ASIC suspends Melbourne-based AFSL

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... Securities until May 2020. ASIC said the licence has been suspended over concerns the company is not meeting its obligations as an AFS licensee. The regulator said Australian Golden Securities, formerly AFS Capital Securities, has failed to lodge it's ...

Advice dealer group rebrands

HARRISON WORLEY  |  MONDAY, 9 DEC 2019
Following its acquisition by Sargon last year, Madison Financial Group is rebranding. From March 2020, Madison Financial Group will be known as Sargon Adviser Services, as the Sargon subsidiary continues to incorporate itself within the technology company. ...

ASIC takes action against former AMP adviser

HARRISON WORLEY  |  THURSDAY, 5 DEC 2019
... restrain the assets of the defendants, and restrain the defendants from carrying on a financial services business without an AFS licence. The action falls within the corporate regulator's Wealth Management Major Financial Institutions Portfolio, which ...